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20121201
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Search Results 0 to 6 of about 7 (some duplicates have been removed)
absolutely right. what happens if we settle on what washington thinks is a big win? let's call it $3 trillion. >> i think $3 trillion, $4 trillion will be a sufficient number, erin, to sort of calm investment markets and to produce a real economy that is growth positive as opposed to growth negative. you know, the real problem going forward is, you know, we are going over the cliff no matter what and depends on whether we go over like will e. coyote or road run we are a parachute. that's the road runner with a ra pa ra chute and there's more taxes to raise and entitlements to cut over the ensuing years. >> that's i guess the problem. i prefer to be roadrunner with a ra pa parachute. how can washington do the deal that prevent it is country from -- to give a sense of the outcomes, could be borrowing costs skyrocket. the costs are very serious in the long term. right? >> i think they are. it involves what's known as fiscal drag to economists. basically when you raise taxes and lower entitlements, lower federal spending, that reduces economic growth and it will. it just depend on how slowly or h
tonight, the magic number after a whole week of harsh words here in washington and threats to, did house speaker john boehner hint ever so slightly at a compromise today that could finally edge us away from the dreaded fiscal cliff? it comes down to tax rates. this is a huge sticking point in the stalled negotiations between the president and mr. boehner. obama says the top rate on household income above $250,000 should rise from 35% to 39.6%. boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> there are a lot of things that are possible. to put the revenue the president seeks on the table. but none of it's going to be possible if the president insists on his position. insists on my way or the highway. >> you hear what he said. a lot of things are possible. that may not sound like much where you're from, but here in washington, it sounds suspiciously like code for, we're making progress. more evidence boehner's democratic cou
of this segment. i would like to it change but i'm not very hopeful given what is happening in washington. a lot of clown action down there. there was some good news on housing. sales of existing home hit a high, the best we've seen in three years in november. >>> now our fourth story "outfront." we have news. a scram when for votes on the hill. the house was expected to vote actually right now. we were expecting to have breaking news that vote was coming in. it would be on speaker john boehner's plan to allow tax to go up on people who make over $1 million a year. but now that vote is in danger because it appears republicans are struggling to find the votes they need. the votes that they thought they had in the can to pass the bill. dana bash is our senior congressional correspondent. how did this unravel? how significant is this development that the speaker thought he had the votes and he doesn't seem to. >> reporter: it is very significant. if you can see over my shoulder, that is house speaker's office. a few moments ago, the house majority leader and other members of the leadership race in
in your op-ed today, and i want to quote you directly. you said, in part, washington has become possessed by the idea that a small group of negotiators, meeting in secret, can solve the deep, painful, and systemic problems plaguing this country with a single grand bargain, produced at the 59th minute of the 11th hour. this is a siren song. i suppose the question would be then, what makes you think, senator, that a larger group of lawmakers, say congress, would be able to do any better, given the unbearable gridlock that y'all have been in, and given the fact that gallup has polled y'all at 10% favorability. what makes you think you can do better? >> ashleigh, i think, had we been debating for the last two years openly and honestly, the very difficult choices this country faces, the threat we have over us from the debt, the american, and we've done so intelligently and effectively, and our members are capable of that, i believe the american people would have a better -- >> but senator, i think there are a lot of people who disagree with you and say, open and wonderful debate, sure, but the
Search Results 0 to 6 of about 7 (some duplicates have been removed)

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